Kimball Electronics, Inc. (Nasdaq: KE) announced financial results for the second quarter ended December 31, 2024. Second Quarter Fiscal 2025 Highlights: - Net sales totaled $357.4 million - Operating income of $8.2 million, or 2.3% of net sales, adjusted operating income of 3.7% - Inventory ended the quarter at $306 million, a reduction of $29 million from Q1, and down $182 million, or 37%, from peak levels - Cash generated by operating activities of $29.5 million, the fourth consecutive quarter of positive cash flow - Borrowings on credit facilities of $205 million, a $41 million decrease from the first quarter, and down $90 million, or 30%, from the beginning of the fiscal year - Enhanced the capital structure by amending the credit facility with the addition of a 5-year, $100 million Term Loan A, which provides additional liquidity to grow the business View Full Release: https://lnkd.in/ggVS9k3D
Congratulations Kimball Electronics team!